BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m. The move brings BCA one step closer to its goal to become the UK’s leading one-stop shop for automotive services for OEMs, dealers and leasing companies. The acquisition of Paragon comes just one year after BCA Marketplace, the company behind Webuyanycar.com, bought Eddie Stobart’s automotive logistics business Autologic for £16m, rebadging it BCA Automotive. Paragon bought Autologic’s automotive after-sales division from Stobart […]
Tuffnells Parcels Express sales have risen sharply with almost 300 new customers being brought on board since it was acquired in December by Connect Group.
Stobart Group has sold a 51% stake in its transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move sees William Stobart become chief executive of the newly formed, and once again privately owned, Eddie Stobart Logistics.
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]